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AvalonBay Communities

NYSE: AVB

Stock price

184.06 USD

(+0%) TODAY

Multi-Family Residential REITsREIT - Residential

Financial Performance

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5Y price score: (24)

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 41.3%

DATE RANGE:

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    63.6

    52-week range

    198.6

    184.06

    Your model inputs

    Required return / cost of capital
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    FCFF terminal growth rate
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    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

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    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    6.2 %

    Dividend Yield TTM

    3.8 %

    Market cap $

    $ 26,283

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    25.4

    Price / Book TTM

    2.2

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    (0.6)

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    (1.3) %

    (2.1) %

    41.3 %

    Free cash flow per share growth

    35.8 %

    29.2 %

    33.9 %

    Earnings per share growth

    (41.5) %

    25.7 %

    34.1 %

    Founded: 1,978

    Employees: 2,928

    Business Summary:At the close of 2020, AvalonBay Communities held a direct or indirect ownership stake in a substantial portfolio encompassing 291 apartment communities. These properties collectively contained 86,025 residential units across 11 states and the District of Columbia. Among these, 18 communities were actively under development, and one was undergoing redevelopment. As an equity REIT, AvalonBay's primary activities involve the development, redevelopment, acquisition, and management of apartment communities. The company strategically targets prominent metropolitan areas such as New England, the New York/New Jersey metro region, the Mid-Atlantic states, the Pacific Northwest, and both Northern and Southern California. Furthermore, AvalonBay is expanding its presence into key growth markets, specifically Southeast Florida and Denver, Colorado.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q1 (Apr 28, 2026)

    1) Strategy & Leadership - AvalonBay Communities reported a strong Q1 2026, exceeding expectations due to lower expenses and higher development NOI. - The company is well-positioned for the peak leasing season with low turnover and solid occupancy rates. - A focus on operational efficiencies and technology, including AI, is expected to drive incremental NOI growth, targeting $55 million by year-end.

    2) Financial & Segment Results - Same-store residential revenue grew 1.6% YoY, with occupancy slightly up to 96.1%. - The company completed $340 million in dispositions and repurchased $200 million of shares, benefiting from an implied cap rate in the low 6% range. - Development starts for 2026 are on track at $800 million, with projected stabilized yields of 6.5% to 7%.

    3) Operational Plans & Market Dynamics - Leasing velocity in lease-up projects was strong at 32 units per month, significantly above the historical average of 23. - The average asking rent for the same-store portfolio increased in the high 4% range since January 1, 2026. - Low turnover (8% of residents moving to purchase homes) and declining new supply are supporting rent growth.

    4) Guidance & Outlook - AvalonBay reaffirmed its full-year FFO guidance despite a $0.05 outperformance in Q1, citing the need for more data from the peak leasing season. - The company expects rent change to average 2% for the year, with renewals averaging around 3.5%. - Future growth is supported by favorable market conditions, including healthy wage growth and low new supply.

    5) Investor Angle & Missing Information - The call provided a comprehensive overview of current performance and future expectations, but specific figures for Q2 leasing activity and detailed market comparisons were not fully disclosed. - Bottom line: AvalonBay's strong Q1 performance and strategic focus on operational efficiency and development position the company well for continued growth, making it an attractive option for investors looking for stability in the multifamily sector.

    Annual Reports, Presentations And IR Contacts

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    AvalonBay Communities — Financial Overview, Stock Price, Market Cap

    AvalonBay Communities is a company. Founded in 1978. As of August 26, 2026, the company's market capitalization is $26283393070 with a current stock price of $184.06.